Friday, 10 May 2019

CEIBS DON, PROF. DING YUAN, RECOMMENDS CHINESE ECONOMIC MODEL TO NIGERIAN ENTREPRENEURS

Nigerian entrepreneurs have been advised to adopt the Chinese economic model for business advancement in existing and new opportunities as well as improvement in the standard of living. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The Vice- President and Dean of China Europe International Business School (CEIBS), Professor Ding Yuan, affirmed that if the concepts were adapted to Africa, it would help tremendously in shaping the development of the continent.

The CEIBS chief made this known in Lagos at the annual One plus One lecture by CEIBS alumni with the theme ‘China’s New Economic Model: Opportunities for Africa.’

He explained that researchers in China had found very important factors behind the economic model which include education and the Chinese savings system, adding that the Chinese system supports high quality education which is directly related to its economic development. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html “In addition, savings which is part of the Chinese culture boosts the potential of their future economic development relative to their growth in the last 40 years,” he noted.

According to the Chinese don, this economic model can be fostered through the qualitative business education which CEIBS offers through advanced lectures where Chinese cases are brought forward to suit the Nigerian environment and also through dialogue from their peers in China and other parts of the world.

According to him, the combination of Chinese and European style of education would be advantageous to the country and the African continent, since China is one of the largest economies in the world.

The professor cited some challenges to this relationship between Chinese and Nigerian businesses which he attributed to distance and communication gap. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html However, he added, CEIBS had surmounted these challenges through lectures and dialogues from Chinese chief executives through annual visits to the country.

Speaking at the event, the President, CEIBS Alumni Association, Nigeria Chapter, Sunday Agboola, said the session was aimed at enhancing the knowledge attained by the alumni of the school on how entrepreneurs could take advantage of the Chinese economic model to build on innovative business trends in the country.

He said the One plus One lecture meant that an alumnus had the opportunity to introduce another partner to enhance his perception on business prospects that were opened to Nigerians in other parts of the world, with special reference to China. (Punch)

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